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This Research Handbook presents a systematic review of the latest research on organizational decline and turnaround. Showcasing contributions from leading scholars across the globe, chapters critically assess turnaround practices and highlight promising future directions for study.

Representing a wide variety of perspectives, authors explore the dynamics of turnaround in diverse contexts including family firms, entrepreneurial ventures, and public institutions. The Research Handbook draws on in-depth case studies on corporations including IBM, Kodak and Hitachi Limited, providing insightful comparisons of organizational turnarounds across continents. Covering both established and emerging topics, chapters discuss digital transformation, business model innovation, and strategic renewal, emphasizing the role of strategic leaders and human capital in successful turnarounds.

This comprehensive Research Handbook is an invaluable resource for academics and students in organization studies, strategic management, and organizational behavior. Its discerning analyses of diverse turnaround strategies will also benefit corporate leaders, practitioners, and consultants.